Intrinsic metal value = 1.82 cents
The website CoinInflation.com calculates the intrinsic metal value of coins, based on current closing prices for zinc, copper, nickel, and manganese prices at the New York Mercantile Exchange (NYMEX). Examples:
The current market value of $100 worth of old pennies (1909-1982 Lincoln pennies, with 95% copper and 5% zinc) is $182.16.
$100 worth of the newer pennies (1982-2009 Lincoln zinc pennies with 97.5% zinc and 2.5% copper) would be worth $46.57.
$100 worth of the current quarters (1965 - 2009 Washington quarters with 91.67% copper and 8.33% nickel) is worth $16.22.
HT: Rolfe Winkler
And the value of the paper money is printed on is?......
ReplyDeleteThat is really interesting.
ReplyDeleteWhere are the arbitragers to take care of this?
ReplyDeleteAll those cash for gold commercials should turn into cash for pre-1982 pennies.